Do Off-Shore Asset Protection Trusts Really Work?
Of those that have exercised their right to renounce their citizenship, most did so in order to escape the United States tax laws regarding their assets. Congress has reacted by making the expatriation tax rather severe. Learn more about it!...more
Choosing Credit or Deduction for Income Earned Overseas
If you paid or accrued foreign taxes to a foreign country on income that was generated from a foreign source and are subject to US tax on the same income, you may be able to take either a credit or an itemized deduction for those taxes. The difference between taking the amount as a deduction or as a credit is rather simple. Find out which can save you more money....more
Foreigners interested in buying U.S. stocks in companies don?t pay any tax on the purchase, but they cannot deduct losses on that sale either. Find out more!
Deducting Business Expenses While Overseas
What are the basic rule and restrictions when it comes to deducting business expenses when traveling abroad? Find out here!
Tax Credit for Foreign Taxes on Overseas Investments
Depending on the amount of money you spent on overseas investments, you may or may not have to include Form 1116 with your tax return. Find out more!
Although there are no substantial restrictions imposed by the federal government on foreign investments in the US, a few industries do impose restrictions. These industries are those that involve...more
Qualifications for Foreign Earned Income Exclusion
To be eligible to claim the foreign earned income exclusion or the foreign housing exclusion, you must have a tax home in a foreign country and meet either the residence test or the physical presence test. Find out if you qualify!
Is it in your best interest to establish an offshore trust for your assets? Take a look at our list of pros concerning offshore trust issues.
If I am a US citizen but have been living outside the United States, must I file a taxreturn? If I am employed outside of the United States, do I have to report income earned outside the US on my tax return? Find the answers to these questions and more!
